Citizens with foreign spouses, but without children, have the same priority as singles when applying for 2-room Build-To-Order (BTO) flats, said the Ministry of National Development on Tues (Aug 18). Minister Khaw Boon Wan, in response to a question from MP Gan Thiam Poh, said that when assigning priority, the Housing and Development Board takes into account the housing needs of the buyers and the...
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Studio Apartments are targeted at senior citizens who are looking to "right-size", so they can purchase the flats with their sales proceeds and there is no need for a housing loan, said National Development Minister Khaw Boon Wan in Parliament on Tuesday (Aug 18). Mr Khaw said this in reply a question by MP Gan Thiam Poh, who asked if HDB will consider offering a HDB loan to senior citizens looking to...
There are no plans to retrofit Housing and Development Board (HDB) flats with double-glazed windows as the current single-glazed windows are sufficient for noise reduction, Senior Minister of State for National Development Lee Yi Shyan said in Parliament on Tuesday (Aug 18). “When planning HDB towns or estates, HDB will conduct noise modelling, with a view to locate and orientate the buildings in such...
After hitting a two-year high in June, the resale volume of Housing and Development Board (HDB) flats slumped 9.2 per cent in July, according to flash estimates released by SRX Property on Thursday (Aug 6). A total of 1,552 HDB resale flats were sold last month, down from the 1,709 transacted units in June. However, compared to a year ago, resale volume was up 15.6 per cent. Resale prices fell 0.5...
The response to the latest batch of executive condominium (ECs) projects has been tepid, with about 2,200 EC units remaining on the shelves as of June 2015, the highest in almost a decade. The largest EC development to date, Sol Acres, received 800 e-applications for its 1,327 units when online subscription closed on Sunday (Jul 26), while The Brownstone EC, located along Canberra Drive, sold just under...
With several Design, Build and Sell Scheme (DBSS) projects coming under fire recently for defects, some Members of Parliament (MPs) have renewed calls for the scheme to scrapped or tweaked, citing the blurred lines of accountability and low public confidence in the quality of these projects. In a Facebook post last week, Bishan-Toa Payoh GRC MP Hri Kumar Nair said he hoped for the Housing and...
Developers of the latest executive condominium (EC) project The Brownstone have received about 640 e-applications since they first opened on Jul 10. City Developments said e-applications for the 638-unit EC will close later on Monday (Jul 20), with booking to start this Saturday. E-applications are typically an indication of interest in an EC project, although applicants are not obliged to buy when...
Despite a significant ramping up in the Build-To-Order (BTO) programme over the last four years, the quality of the flats has not been compromised, Minister of State for National Development Desmond Lee said in Parliament on Monday (Jul 13). Responding to questions from several MPs on defects in BTO flats, Mr Lee said that an average of one-third of all new residents approach the Building Service Centre...
The latest Executive Condominium (EC) project, located in Canberra Drive in the northern part of Singapore, has received relatively strong response in its opening weekend. The Brownstone received about 300 e-applications over the weekend of Jul 11 and 12, with more than 2,000 visitors at its sales gallery. This was despite a highly competitive market with a number of new EC launches in recent...
The glut in the Executive Condominium (EC) market is set to get worse with new launches adding a wave of supply into a housing segment where take-up has been generally lacklustre. On Thursday (Jul 9), developer City Developments (CDL) said applications for The Brownstone EC at Canberra Drive in Sembawang will open from Friday to Jul 20, with bookings to be conducted on Jul 25. CDL did not reveal...